A backup camera (also called reversing camera) is a special type of video camera that is produced specifically for the purpose of being attached to the rear of a vehicle to aid in backing up, and to alleviate the rear blind spot. Backup cameras are alternatively known as reversing cameras or rear view cameras. It is specifically designed to avoid a backup collision. Backup cameras are usually connected to the vehicle rearview monitors.
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Sony Ericsson announced that it had lost 247 million euros ($316.57 million) before the tax in the fourth quarter, while analysts expected it to make a small profit.
Sony Ericsson lost 243 million euros in the year. Ericsson, which owns 50% of Sony Ericsson’s shares, said that the company will bear a loss of 1.1 billion kronor ($160.32 million) and will account for fourth-quarter earnings.
Sony Ericsson announced its fourth-quarter financial report on Thursday, saying that the major losses were mainly due to fierce competition, global economic slowdown and corporate restructuring.